Notable Analyst Rating Changes 7/14: BK, UL, VMW, CNK, NILE Upgraded; MNKD, MAS, BKC, VOD Downgraded

July 14, 2009 9:49 AM EDT

UPGRADES:
Bank of America upgrades Bank of New York Mellon (NYSE: BK) from Neutral to Buy. Price target raised $4 to $36.

J.P. Morgan upgrades Unilever (NYSE: UL) from Neutral to Overweight.

Jefferies & Co upgrades VMware (NYSE: VMW) from Underperform to Hold.

Lazard Capital upgrades Cinemark (NYSE: CNK) to Buy. Price target $13.

Citigroup upgrades Blue Nile (Nasdaq: NILE) from Hold to Buy and maintains their $50 price target.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Leerink Swann downgrades MannKind (Nasdaq: MNKD) from Market Perform to Underperform and a $5/share valuation. Click here for more color on the downgrade.

JP Morgan downgrades Masco (NYSE: MAS) from Overweight to Underweight and lowers its downside price target to $6.50 from $7.50.

Bank of America downgrades Burger King (NYSE: BKC) from Buy to Neutral and lowers their price target to $19 from $22.

UBS downgrades Vodafone (NYSE: VOD) from Buy to Neutral with a short-term sell rating. The firm said deteriorating fundamentals and earnings momentum makes VOD a value trap.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
KeyBanc initiates coverage on Gap, Inc. (NYSE: GPS) with a Hold rating. Click here for more color on the coverage.

Leerink Swann resumes coverage on Biogen IDEC (Nasdaq: BIIB) with an Outperform rating. $55/share valuation. Here is the full report.

Morgan Stanley initiates coverage on SYSCO (NYSE: SYY) with an Equalweight rating.

Merriman Curhan Ford initiates coverage on Fairchild Semiconductor International Inc. (NYSE: FCS) with a Buy rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


Related Categories

Special Reports

Stocks Mentioned

BIIB 56.53

+0.61 +1.09%
Volume: 3,653,138
Track BIIB

BK 25.26

-0.03 -0.12%
Volume: 6,571,702
Track BK

BKC 17.24

-0.32 -1.82%
Volume: 814,726
Track BKC

CNK 14.32

-0.08 -0.56%
Volume: 328,861
Track CNK

FCS 9.26

-0.68 -6.84%
Volume: 5,573,754
Track FCS

GPS 18.01

+0.06 +0.33%
Volume: 11,127,259
Track GPS

MAS 10.05

-0.06 -0.59%
Volume: 9,082,152
Track MAS

MNKD 6.86

-0.10 -1.44%
Volume: 1,108,596
Track MNKD

NILE 50.00

+1.02 +2.08%
Volume: 157,454
Track NILE

SYY 30.78

-0.07 -0.23%
Volume: 2,215,547
Track SYY

UL 28.51

-0.72 -2.46%
Volume: 1,599,816
Track UL

VMW 76.66

+0.12 +0.16%
Volume: 1,931,368
Track VMW

VOD 23.51

+0.34 +1.47%
Volume: 6,121,343
Track VOD


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter